Tuesday, July 08, 2008

Microsoft Still Much Interested In buying Yahoo!

Microsoft just issued a press release saying they are still interested in acquiring Yahoo:

"Microsoft would be interested in discussing with a new board a major transaction with Yahoo!, such as either a transaction to purchase the Search function with large financial guarantees or, in the alternative, purchasing the whole company."

As Mr. Icahn notes in his statement today, it would be premature to discuss at this time important details such as the price or other terms of a possible transaction. We respect the right of Yahoo!’s shareholders to determine the destiny of their company, and we do not intend to engage in ongoing commentary on these issues in advance of Yahoo!’s shareholder meeting.

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